Barneys, the luxury chain that filed for bankruptcy in August, reached an agreement to sell its assets to Authentic Brands Group (ABG) and investment bank B. Riley Financial for $271.4 million in cash....
To ensure his successor can already be fully integrated into developing the Adidas strategy beyond 2020, the Supervisory Board has, in mutual agreement with Liedtke, approved the termination of his appointment as an Executive Board member effective December 31, 2019....
Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors has accepted a revised offer from a group of majority shareholders led by executive chairman Richard Baker, bringing the retailer a step closer to going private....
Kevin Plank, the founder and CEO of Under Armour Inc., is stepping down as CEO. Patrik Frisk, the company’s chief operating officer, will take over as CEO at the end of the year. Plank, having served as Chairman and CEO since he founded the company...
Voxel8, a start-up bringing 3-D printing to footwear and athletic apparel, announces a Series B funding led by DSM Venturing, the venture investment arm of DSM. The round also includes participation from HP Tech Ventures and existing investors Braemar Energy Ventures and ARCH Venture Partners. The...
At the same time, Mark Parker, CEO since 2006 and chairman, president and CEO since 2016, will become executive chairman and continue to lead the board of directors and work closely with Donahoe and the senior management team....
“Skechers is firing on all cylinders. Our global marketing efforts are creating awareness and generating demand. Our product is innovative, relevant and comfortable. Importantly, we achieved a new sales record of $1.354 billion in the third quarter,” stated Robert Greenberg, chief executive officer of Skechers...
Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund....
Puma raised its earnings guidance for the year as strong third-quarter earnings and overall momentum is expected to offset the negative impact from new tariffs in the fourth quarter in the U.S. Q3 sales grew 17.0 percent on a currency-neutral basis, led by a 28.5...
“The On Our Feet gala is a true celebration of the significant contributions we are making, together with our incredible partners, to enrich the lives of deserving students across the country,” said Richard Johnson, chairman and chief executive officer, Foot Locker, Inc....